Irving Ave, Box Hill three bedroom home sold for $4.5 million

23 Irving Ave, Box Hill, sold for $4.5 million — an astonishing $1 million in excess of the home’s $3.5 million reserve price.

A BOX Hill house has sold for a staggering $1 million above its reserve price.

The three-bedroom property at 23 Irving Ave went under the hammer on November 26 with a corner block, development potential and investor interest guiding a $3.5 million reserve price for the home listed by Mark Edwards of Woodards Camberwell.

But when the auction started the reserve was met and the bids kept coming until a staggering $4.5 million price had been achieved.

“It was a great auction, a great piece of land and the future of that piece of land is very bright with a view to being turned into a high rise,” Mr Baddenach said.

“It was zoned for multistorey development in the high-density zone of Box Hill central.

He said there had been strong interest from buyers based in the local area.

The property had a 646sq m allotment and street frontage of just over 26m.

It was opposite the Box Hill Gardens and RSL, and in the heart of the suburb’s activity centre.

The extraordinary result followed the sale of a home at 89 Thames St, Box Hill, that shot $675,000 beyond its reserve price, more than the Melbourne-wide median house price, a week prior via Lindellas Real Estate Box Hill.

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